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of <h1>Depreciation Deduction Allowed Despite Net Profit Rate | Precedent Upheld</h1> The Rajasthan HC dismissed the appeal, allowing depreciation deduction despite applying the net profit rate, in line with previous judgments and the ... - The Rajasthan High Court dismissed the appeal, citing previous judgments that allowed deduction of depreciation even when the net profit rate was applied. The Court followed its consistent view on the matter. (Citation: 2003 (9) TMI 793 - RAJASTHAN HIGH COURT)
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